Gentex Q3 Profit Falls on Lower Automotive Sales, Trims FY26 Revenue Outlook

Gentex Corp. (GNTX) reported lower third-quarter profit and trimmed its full-year 2026 revenue guidance, sending shares down 5.26% to 20.60 on Friday. Net income attributable to the company fell to $90.564 million, or $0.43 per share, from $100.886 million, or $0.46 per share, a year earlier. Adjusted earnings were $97.8 million, or $0.47 per share. Net sales slipped to $647.709 million from $655.236 million, as automotive net sales declined to $552.5 million from $573.7 million. Premium Audio sales rose 27% to $54.7 million, and Other Products sales grew 5% to $40.5 million. For full-year 2026, Gentex now expects consolidated revenue of about $2.65 billion, versus its prior range of $2.65 billion to $2.75 billion. Its 2027 revenue projection of $2.80 billion to $2.90 billion remains in line with the previous outlook.